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Explanation: One-way contracts in Leafland

August 29, 2007, 6:38 PM ET [ Comments]

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There's been a plethora of questions in my inbox regarding the number of one-way contracts in Leafland, and the implications of them.

With thanks to the webmaster over at NHLSCAP.com, here is a list of Maple Leafs currently on one-way contracts. In total, there are 25:

1. Mats Sundin
2. Jason Blake
3. Kyle Wellwood
4. Darcy Tucker
5. Nik Antropov
6. Alexei Ponikarovsky
7. Alexander Steen
8. Matt Stajan
9. Mark Bell
10. Bates Battaglia
11. John Pohl
12. Boyd Devereaux
13. Chad Kilger
14. Wade Belak

15. Bryan McCabe
16. Tomas Kaberle
17. Pavel Kubina
18. Carlo Colaiacovo
19. Hal Gill
20. Ian White
21. Stefan Kronwall
22. Andrew Woznieski
23. Derrick Walser

24. Vesa Toskala
25. Andrew Raycroft

14 forwards, 8 defensemen, and 2 goalies are all on one-way contracts. Simon Gamache and Kris Newbury's contracts are two-way this year, but will change to one-way in 08/09.

From the owner of NHLSCAP, the only difference between "1-way" and "2-way" is whether the player receives a lower salary in the AHL. Those on 2-way contracts get less money when in the minors, while those on 1-way contracts receive their full NHL salary regardless of where they are playing. The distinction on waivers depends solely on how long the player has been playing in the NHL; whether he has a 1-way or 2-way deal has no bearing on whether or not he has to clear waivers.

Players assigned to the minors, even if on one-way contracts, do not count against the cap. Exceptions include if the player is sent on a conditioning stint, or a player is over 35 years of age when they sign their contract. In the latter case, the contract counts against the cap no matter where they play.

The Leafs are required to demote two players with one-way contracts by the beginning of the regular season to meet the 23-man limit and can send up to 5 players down (3 defensemen, 2 forwards) to open more cap expanse.

After sending players with one-way contracts down, here is the rule on recall waivers. This will be applicable to those earning more than 100K this season (which will be all one-way players). The following group of players are required to clear re-entry waivers to return to the big club after being demoted to the minors:

Players who have played > 40 NHL games last season and > 80 NHL games during the last two seasons, are qualified for re-entry.

There are exceptions. For skaters, players who have:

(A) played in 320 or more professional games in North America (NHL, AHL and ECHL), and

(B ) not spent more than 80 NHL games on NHL roster over the prior two (2) seasons or more than 40 NHL games on NHL roster in the immediately prior season.

If claimed off of re-entry waivers, the plucking team is only responsible for half of the salary on paper and cap burden, and the team losing the player is on the hook for the other half.

Re-entry waivers is always the catch. Teams will hold off on claiming a player that has been demoted and is required to go through waivers - this due to the fact that the team has to assume the full salary and cap hit. Almost always will the team wait and see if this player is going to return through re-entry, in which case they pluck the player at half-price.

I will answer any further questions you have in the comments section.

****
OFF-TOPIC:

After the release of new jerseys in Tampa and NYI, I was expecting the worse with the new Canucks jersey, yet somehow they found a way to exceed my most vigorous fears.


That's all for now,

[email protected].
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